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Consolidated Balance Sheets (Unaudited) (USD $)
Nov. 30, 2011
May 31, 2011
Current assets:    
Cash $ 12,146 $ 217,312
Deferred financing costs, net 18,333 0
Prepaid expenses 0 10,000
Assets of discontinued operations 0 238,189
Total current assets 30,479 465,501
Assets of discontinued operations 11,831,540 1,228,909
TOTAL ASSETS 11,862,019 1,694,410
Current liabilities:    
Accounts payable and accrued expenses 226,217 142,722
Accrued interest 539,910 214,630
Derivative liabilities - short-term 123,945 0
Convertible debt - related party, net of unamortized discount of $8,963 and $24,178 as of November 30, 2011 and May 31, 2011, respectively 384,196 398,981
Convertible debt, net of unamortized discount of $911,319 and $680,014 as of November 30, 2011 and May 31, 2011, respectively 2,038,681 694,986
Liabilities of discontinued operations 1,947,255 1,340,539
Total current liabilities 5,260,204 2,791,858
Derivative liability - long-term 107,388 0
Total liabilities 5,367,592 2,791,858
Stockholders' Equity (Deficit):    
Preferred stock: $0.0001 par value; 10,000,000 shares authorized; no shares issued or outstanding 0 0
Common stock: $0.0001 par value; 300,000,000 shares authorized; 152,904,521 and 99,993,158 shares issued as of November 30, 2011 and May 31, 2011, respectively; 142,904,521 and 99,993,158 shares outstanding as of November 30, 2011 and May 31, 2011, respectively 14,290 9,999
Additional paid-in capital 18,381,550 5,362,610
Subscription receivable 0 (70,000)
Accumulated other comprehensive loss 206,295 40,400
Accumulated deficit (12,098,728) (6,437,477)
Total stockholder's equity (deficit) of TurkPower Corporation 6,503,407 (1,094,468)
Non-controlling interest (8,980) (2,980)
Total stockholders' equity (deficit) 6,494,427 (1,097,448)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 11,862,019 $ 1,694,410